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    8790 Governors Hill Dr Cincinnati, OH 45249

    Sponsored
    For Sale
    $3,900,000

    I-71 Access, Vacant, 59,616 SF

    Property size:
    59,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a vacant, three-story Class B office building totaling 59,616 square feet, situated on a 5-acre lot in Cincinnati, Ohio. Built in 1985 and renovated in 2020, the property boasts a desirable location with convenient access to I-71 via exit 19, offering excellent visibility and accessibility. The building features a typical floor size of 19,872 square feet, abundant natural light, and ample parking with over 206 spaces (a 4.43 parking ratio). The property is zoned OO and includes one building with three stories. The asking price is $3,900,000, translating to $65.42 per square foot. Currently vacant, this presents a unique chance for immediate repositioning and lease-up. Short-term, full-service gross lease options may be available. The property's location within a mixed-use campus further enhances its appeal and potential. The Hamilton County address is 8790 Governors Hill Dr, Cincinnati, OH 45249. The APN is 620-0202-0029-00. This is a compelling opportunity for investors seeking a significant presence along a major transportation artery.

    Property Features for 8790 Governors Hill Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    59,616 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built/Renovated
    1985/2020
    Buildings
    1
    Stories
    3

    HighLights

    • $3,900,000 asking price for a vacant, 59,616 square foot office building.
    • Class B, three‑story building with 19,872 square feet per floor, built in 1985 and renovated in 2020.
    • Located at 8790 Governors Hill Dr, Cincinnati, OH 45249, on a 5‑acre lot with 206 parking spaces (4.43/1000 sq ft ratio).
    • NNN lease type, offering short‑term, full‑service gross lease options.
    • Prominent I‑71 visibility in a mixed‑use campus with convenient access to Fields Ertel Road and I‑71.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frost Financial Services Financial Planner Accretech SBS, Inc. Machining Manufacturer Consumer Funding Corporation Loan Agency Becker Gallagher Legal ... Publisher DMI Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.321019296408
    Latitude
    39.289306376287

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    FAQs

    What type of property is this?
    Office Property / Space - I-71 Access, Vacant, 59,616 SF
    Where is this office property / space located?
    The property is located at 8790 Governors Hill Dr Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: $3,900,000 asking price for a vacant, 59,616 square foot office building.; Class B, three-story building with 19,872 square feet per floor, built in 1985 and renovated in 2020.; Located at 8790 Governors Hill Dr, Cincinnati, OH 45249, on a 5-acre lot with 206 parking spaces (4.43/1000 sq ft ratio).
    (513) 549-5440
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    8790 Governors Hill Dr Cincinnati, OH 45249
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    Cincinnati, OH 45249
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8790 Governors Hill Dr Cincinnati, OH 45249
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